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Message: <blockquote data-quote="1989" data-source="post: 4775476" data-attributes="member: 10280">Obviously 180% is an exaggeration.  Who really knows other than an actuary?  Changing the retirement age to 65, 35 years ago would have been huge. Ex:  someone retires @ 51 drawing 3K a month or 504K drain on the fund until age 65.  Vs 15K a year in contributions being a $210K surplus plus growth.The employees of the bankrupt companies stopped receiving pension credit, therefore many were not eligible for early retirement and had their pensions froze at that time until eligibility at age 65. It seems a participant (whose company went out of business) at age 40 with 15 years in who had to wait until age 65 to draw would be a lesser burden on the pension.  Why was freezing orphans pensions and not paying out until age 65 such a burden?   Do you have numbers on this?</blockquote>